McCormick's Shares May Be Too Hot to Swallow

The spice maker's stock has gotten ahead of the company's decent growth expectations.

Spice maker McCormick & Co. offers three ingredients stock investors crave, especially now. The first two are recession resistance and a decent dividend. The third, which is in particularly short supply, is peppy growth.

However, the stock's valuation of 20 times projected earnings for the current fiscal year looks overdone. Shareholders should consider taking profits and looking for cheaper eats.